Learning how to be a trader who rapidly buys and sells the right stocks involves research, discipline, and consistency. You can protect your trading capital by avoiding these 10 common trading mistakes. 1. Trading without training. Many short term traders lose money due to inexperience. For a firm grasp on market behaviors, get training from a trustworthy source, and practice! 2. Diving in without a life jacket. Don’t jump into the day trading pool without a plan. You’ll need to predetermine entry and stop-loss strategies to protect your investment. Risk Management is Job #1! 3. Copying another trader. Nobody likes a copycat, so learn to trust your instincts. If you’re gun-shy, lean on strategies from your mentor until you’re comfortable making decisions. As I like to say Make the trade your own! 4. Listening to the noise. Another common mistake is focusing on rumors. Successful investors concentrate on real-time trading in the stock market today instead of following tomorrow
http://alphatrends.net/archives/2015/05/26/10-mistakes-in-day-trading-that-could-cost-you-money/
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